“Globalisation refers to an international community influenced by technological development and economic, political and military interests. It is characterised by a worldwide increase in interdependence, interactivity, interconnectedness, and the virtually instantaneous exchange of information.” (O’Shaughnessy M & Standler J 2008, p. 458)
So basically, globalisation is the interaction or exchange of information, goods, services – almost anything – between people like you and I, government bodies, companies and communities. You may not realise it but a lot of what you own, or what you might come across in your daily life, most likely represents globalisation in some way.
There are various aspects of our lives that are affected in some way shape or form, by globalisation, such as our trade industry, environment, culture, technology, travel and much more (The Levin Institute 2013). Many question whether this is good or bad and of course there are two sides to every story; however I would like to focus on the good!
The scale of trade has increased dramatically and this is partly because of the low cost and efficiency of today’s transportation methods; what was once about a two month journey between countries is now a matter of days (Meyer R 2012). But lets be honest, this increase is mainly a result of lower labour costs in other countries, especially the Asia pacific. Who isn’t enticed by lower prices?
Many struggle with the moral and ethical battle that this situation may present but you’ve got to look on the bright side. The globalisation of trade has provided these ‘poorer’ countries with a huge amount of job opportunities and with that comes many benefits for the individuals, their families and the country’s economy. For the individuals and their families, that job is a pathway to a better, healthier, more sustainable life and future that would not be so easily accessible otherwise. The economies of these countries see similar benefits from the globalisation of trade as they have become desirable partners for many large corporations and countries.
Meanwhile, in Australia, the goods that we purchase – such as clothes – are cheaper, more readily available and in terms of some products, produced at a higher quality. If you ask me, the positive factors outweigh the bad when it comes to globalisation.
Globalization I – The Upside: Crash Course World History #41 2012, Youtube video, crashcourse, written by Raoul Meyer, viewed 8 August 2013, <http://www.youtube.com/watch?v=5SnR-e0S6Ic>
O’Shaughnessy, M and Stadler, J (2008) ‘Globalisation’ Media and Society (fifth edition) Oxford: Oxford University Press, pp. 458-471
The Levin Insititute 2013, What is Globalization, The State University of New York, viewed 8 August 2013, <http://www.globalization101.org/what-is-globalization>.